Stock Market Trading and Analysis for 06/09/2008
Uploaded by: SnP500Trader
Video Description:
What an incredible week of success! Congratulations to all of you and make sure you celebrate this weekend, it's well deserved! So where do we go from here? Let's take a look! This video series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. That's because each new video builds upon the last as we demonstrate real world trading and investment analysis. Take the time to review all of our videos to expand your market awareness! You're welcome to subscribe to our videos to keep up to date on the latest market analysis and techniques. Over 700+ of your fellow traders have done just that. If you want to be armed with the same education as them, subscribe. Don't worry, we in no way shape or form, spam our subscribers. You become like family to us!
Important disclaimer and reminder for all Traders and Investors! These videos are for educational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to i
nvest in the futures and options markets. Absolutely do not trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar
to those discussed on this channel. The past performance of any trading system or methodology is not necessarily indicative of future results. Absolutely consult your Registered Financial Advisor and your Risk Trading Plan before ever investing or trading any financial instrument!
Tags for this video: business charts commodities daytrading E-mini Emini finance forex futures investing market money S P stock stocks
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That's great to know! If you were able to apply anything from here to your plan, then it's a great day for both of us! Regards and good trading as always!, SnP
You are one of those examples that really keeps me motivated when I'm frustrated with the turkeys and unhappy people out there in the trading community. Knowing through our offline conversations exactly how you've applied my work, and exactly how it's chaged you firsthand, gives me a great sens
e of accomplishment! I'm glad you're here, and I'm glad you put forth the effort to make it happen! Regards and good trading as always my friend!, SnP
Thank you for your kind words and support as always! I'm glad you're here and as I know from our offline discussions, you're one of those traders that works hard studying, studying, studying! My work here will serve as a pivotal piece of everyones program, but is not meant to be a substitute for
true dedication, and just a "give me the answers and go away" type learning environment! So keep up the good work! Regards and good trading as always!, SnP
You get a Gold Star for demonstrating your application of past videos to the current environment! Keep it up and you will be ahead of those that just want tomorrows answer without learning a thing! Regards and good trading as always!, SnP
Yeaaaahhhhhhh Singapore! Thank you for the nice compliment and I'm glad you're here representing Singapore and our colleagues there! Regards, good trading, and nice to meet you STI!, SnP
Yeah, I just thought Thursday night/Friday morning was an aweful odd time to be telling people to be so bullish. My real beef about it though is when they do that and have wide stops which I'll address when I answer Longshort99's note in a moment. I do use RSI, MACD, and a host of other indicat
ors as confirmation of my intuition. The key is not to use them as a substitute to good analysis first! That why I don't show them often! Regards and good trading as always! SnP
You're very welcome! I hope that will continbue to serve you well and with great success in the future! Now, assuming this was an actual viable short that fell through support and retraced to it, that would have been an 1394.50 entry (close of 14:30ET) from my perspective. So your target would h
ave bene 1390 or 1386 depending on your style (Scalping or larger). So imho your stop should have been 2-3 points max. So 1396.50 or 1397.50. Regards and good trading! SnP
Regards, SnP
Welcome from Honk Kong! I loved my last visit there! Thank you for the very nice compliment and encouragement!. I want to address my dislike for those I call "gurus" I'm not addressing legitimate thought leaders in our industry that have the best interests of our colleagues at heart. I'm referr
ing to those $300 chat rooms, $several thousand dollar seminars, that leave people poorer and with nothing to show for it. Continued below.....
I don't like seeing chat rooms that say you need "big stops because this is a big boy game" then turn around and say "remember, it's never to early to take your profit!" I mean come on... How is that really helping? While the smart "gurus" offer virtually nothing for free, I offer a lot for free
since I don't need to live off of colleagues high priced subscriptions to earn my living. I put traders first, and my website second! Regards and good trading!, SnP
I'm intersted in what other traders think so feel free to chime in.
Thank you for your compliment and I'm sending you a private message! Regards and continued good learning!, SnP
The first thing you need to do in my opinion is go back and watch the last 12 hours worth of videos. The rest I'll email to you. Regards and continued learning!, SnP
Would it be posible to post all your levels you show on your video ? thanks for your service ...
I'm sorry, I thought you got my memo! It was your turn to post my levels this week.... Well, the good news is, I'll bail you out this time... Check back in the morning :-) Regards and good trading as always!, SnP
Thank you very much for that great compliment. I'm glad you found us as well! Thank you for calling us home! Regards and good trading!, SnP
You're very welcome and I'm glad you're enjoying everything! Listen, I use some Tick charts, 1min, 3min, 5min, 15min, 30min, 60min, Daily, Weekly, and Monthly charts. However, for the purpose of the nightly video, from an intraday perspective, I only show the 15min chart. You should be able to
see that more clearly as of tomorrow nights video because this weekend I fixed the blur issue with YouTube! Regards and good trading to you!, SnP
YouTube said it was too long to post here so I emailed it to you! Regards and good trading!, SnP
Welcome here. The software I'm using is eSignal. Regards and good trading!, SnP
That is "a trade", but a higher risk trade that I'm not willing to endorse in an unsupervised public format such as this. My more aggressive strategies will be taught outside of this YouTube format such as in my Day Trading Video Course where they can be far better explained. So based on that, no
trade for the purpose of my general subscribers here. Regards and good trading, SnP